Can you explain? I swear brehs even on here have caught a lick. Finance students/Reddit mans probably got on.
They made money,but it seems its too late now
So the basis of that reddit is they just buy and hold and buy and hold, no matter what. Their mantra is if you sell, you are not helping the cause, not sticking it to the man, and aren't getting rich.
In reality, when you trade you have to be responsible, disciplined. Trade based on knowledge and analysis. 90 percent of the people on that reddit don't know shyt about trading or investing. And just following the hype train.
Don't get me wrong it worked, but even then these dummies aren't taking their profit, and staying in. And this venture has done nothing to teach them how to trade properly afterwards. It just reinforces bad habits to hold no matter what. Risky trading like this will crush your portfolio fast, and the "get rich quick" schemes like this don't always go this way...